Business Developments & Projects
Industry’s first: Wärtsilä installs hybrid solution onboard bulk carrier
The technology group Wärtsilä has completed the maritime industry’s first installation and commissioning of a unique hybrid power system combined with a PV solar energy system onboard a bulk carrier vessel.
GMS lands two new contracts, spurring its hopes for higher rates and fleet utilisation
GMS has won two new contracts for two of its large-size class vessels and expressed hopes for higher rates and improved fleet utilisation.
Nova Innovation reaps multi-million crowdfunding reward
Scottish tidal energy company Nova Innovation has closed a crowdfunding round on Seedrs platform, collecting over £2 million in investment commitments.
RINA approves LNG bunkering weather independent shuttle tanker
Classification society RINA has granted Approval in Principle (AiP) to the first European branch of China Merchant Group, CMIT Europe, for its weather independent shuttle tanker (WIST).
Deepening of Antwerp Europaterminal (VIDEO)
Antwerp Port Authority has asked Witteveen+Bos to investigate the possibility of deepening and relocating the Europaterminal quay wall. The purpose of deepening the Europa Terminal is to accommodate ships with a larger draught. Hydraulic, sedimentological and morphological studies were conducted as
Poseidon Principles signatories make progress in decarbonizing shipping
11 out of 23 ship finance portfolios are aligned with the International Maritime Organization’s (IMO) decarbonization target. In 2020, only 20% of reporting signatories were aligned with this goal, according to a new Poseidon Principles report.
ESL Shipping commits to net-zero emissions by 2050
In its first environmental, social, and governance (ESG) strategy, Finnish shipping company ESL Shipping has revealed its target to achieve net zero CO2 operations by 2050.
Maersk Drilling inks rig renewal deal worth around $1 bln with Aker BP
Maersk Drilling and Aker BP have agreed to renew a frame agreement for two jack-up rigs. The estimated value of this deal is around $1 bln.
Wood nets UK North Sea contract wins worth $160 million in Q4 2021
Wood has secured contracts worth around $160 million with several companies – including Shell and Dana Petroleum – for ops in the UK North Sea.
Dutch energy companies sign contract for Porthos CO2 project
Air Liquide, Air Products, ExxonMobil and Shell have signed the final contracts with Porthos for the transport and storage of CO2 in Rotterdam.
Norwegian trio gets approval for manned underwater ops
Norway’s offshore safety regulator, the Petroleum Safety Authority (PSA), has granted Vår Energi, Equinor and Gassco consent to carry out manned underwater operations in 2022. The consents apply to facilities and pipeline systems on the Norwegian continental shelf, and pipelines subject to Norwegian
RWE completes two surveys for 1.6 GW offshore wind project in Sweden
RWE Renewables has completed geophysical and environmental surveys for the Södra Midsjöbanken offshore wind project in the Swedish part of the Baltic Sea, for which the German-based developer is preparing an application for a Natura 2000 permit. “Despite some tough winter conditions in the Baltic Se
Echandia opens UK hub to meet maritime battery systems demand
Swedish zero-emission energy systems provider Echandia has decided to open a business development hub in Aberdeen to serve the UK market.
Solstad clinches another vessel deal for North Sea ops
Solstad Offshore has been awarded a long-term contract for another PSV by an undisclosed charterer to support operations in the North Sea.